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The Spontaneous Order and Emergence of New Systems of Property SymposiumThe Iowa Law Review is proud to announce that it will be publishing a special sixth issue for the Spontaneous Order and Emergence of New Systems of Property Symposium.Symposium

By Matthew D. Cain & Steven Davidoff Solomon. ABSTRACT: We theorize a multi-dimensional picture of jurisdictional competition for corporate litigation. We test this theory by examining merger litigation in a hand-collected sample of 1117 takeovers from 2005 to 2011. We find evidence of state competition for merger litigation. Entrepreneurial plaintiffs’ attorneys drive this competition by bringing suits in jurisdictions which have previously awarded more favorable judgments and higher fees and by avoiding unfavorable jurisdictions. States with an apparent interest in attracting corporate litigation respond in-kind by adjusting judgments and awards to re-attract litigation. These states award higher attorneys’ fees and dismiss fewer cases when attorneys have been migrating to other jurisdictions. Our findings illuminate the dynamics and existence of jurisdictional competition for corporate litigation.